Word: dows
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Dates: during 1990-1999
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Blue-chip stocks slipped as the dollar surged to its highest level in nearly six months. The Dow Jones industrial average fell 19.02 to 4640.84. On the New York Stock Exchange, advances led declines 1,180 to 1,035 on a volume of 330 million shares. The Nasdaq composite index dropped slightly, finishin down 0.07 at 1,012.37. The S & P index fell 1.17 to 558.57. In London, gold closed at $386.45, up $2.45.Photographs: Fuhrman by John McCoy/Pool Weaver by Tom Shanahan/AP USS Roosevelt by DOD Felix by Bob Jordan/AP Mantle by Eric Gay/AP
Netscape's debut led to a run on high-tech stocks, sending the Nasdaq index soaring up 7.98 points to 1,005.10. The Dow Jones industrial average declined 21.83 points, finishing at 4,671.49. On the New York Stock Exchange, advancing issues lead declines, 1,148 to 1,020 on a volume of 301 million shares. The Standard & Poor's composite index of 500 stocks fell 0.68 to 559.71. And in London, gold closed up $0.15 at $384.65 an ounce.Photos:Nussbaum by Cynthia Johnson for TIMEGingrich by Terry Ashe for TIMEClinton by Diana Walker for TIMEJerry Garcia by Joe Traver/REUTERSMap...
April 21 (Dow up 23.17): The Times claimed that stocks were pushed higher by "six rounds of computer-guided buy orders." The Journal said corporate earnings pushed stocks higher, along with the "belated recognition of the strong global position of ... U.S. multinationals." In the Los Angeles Times, it was healthy corporate earnings plus the rebounding dollar that did the trick...
April 18 (Dow down 12.80): The Times said stocks were brought down by a surge in oil prices following Iraq's refusal to comply with U.N. sanctions. The Journal said they finished lower because "a sell-off in the bond market eroded investors' enthusiasm for first-quarter earnings reports"--an explanation that left this investor totally confused...
April 20 (Dow up 28.36): The Times noted the surge in blue chips, "bolstered by a recovery in the dollar," while the Journal focused on stocks in general, which closed lower in the "wildly mixed performance" described above. The Journal noted two causes: skittishness about inflation, and fickle investors who reacted negatively to positive earnings reports. The dollar didn't come into...